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The Thomlin Company forecasts that total overhead for the current year will be $15,000,000 and that total machine hours will be 200,000 hours. Year to date, the actual overhead is $15,500,000 and the actual machine hours are 220,000 hours. If the Thomlin Company uses a predetermined overhead rate based on machine hours for applying overhead, what is that overhead rate?
A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. What is interest expense for 2008, using straight-line amortization?
leesburg sold a machine for 2200 on november 10th of the current year. the machine was purchased for 2600. leesburg
boehm rest company has 30000 shares of its 1 par value common stock outstanding. record in journal form the following
linda olsen is studying for the next accounting midterm examination. summarize for linda what she should know about
ventura corporation purchased machinery on january 1 2009 for 630000. the company used the sum-of-the-years-digits
bobbi brown has come to me and asked for my help. sherecently started up a new consulting practice and needs some
On December 31, 20X8, Parent Company purchased one-half of the outstanding bonds for $96,000. Both companies use the straight-line method of amortization. How much interest expense will appear on the December 31, 20X8, consolidated income statemen..
badger recorded 500000 of net sales for the year which 2 is estimated to be uncollectable. identify and analyze the
KK Company bought the delivery truck for $62,000 on January 1, 2009. They installed the rear hydraulic lift for $8,000 and paid sales tax of the $3,000.
the fair value of net identifiable assets of a reporting unit of x company is 300000. on x companys books the carrying
bobbi and stuart are partners. the partnership capital of bobbi is 40000 and stuart is 70000. bobbi sells his interest
The following cost card was found in the Inventory ledger for part AAA. Direct Materials $600, 20 hours of Direct Labor at $20 per hour $400, manufacturing overhead is applied at $15 per direct labor hour, one third of the overhead is fixed the re..
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